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57
Jan 16, 2013
01/13
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most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling would be adjusted up or down to reflect the budget they just voted for. that's what most americans would do. so this debt ceiling is all about hypocrisy. it is all about pretending that we have an option about paying our bills. by the way, a lot of the bills we have to pay are things i was adamantly opposed to. i didn't want to go to war in iraq. i didn't want to have nation building in afghanistan. i thought the bush tax cuts were ill-advised but i'm a member of congress. america committed itself to those and i've got to stand by paying the obligations that have been incurred. >> john: congr
most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling...
112
112
Jan 23, 2013
01/13
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it is costing more and more money so we have to raise the debt ceiling. there's no point where we've had a vote to lower the debt ceiling because that's ridiculous. you don't have to. it contracts naturally with expenditures. >> you pay the bill. the debt goes down. >> hal: the way it may be handled, as a matter of fact, at one point when our deficit has actually contracted which it has continued to do, as a matter of fact, there was a report done if it contracted faster, it would cause inflation. >> really? >> hal: yeah. so if you look at the arc of it it is going down at a faster rate than it's ever done after a situation like this. i think when we hit a major contraction point which would be below the debt ceiling which happens often, the president should come out and say the cost of government is actually below the cost of government six months ago. >> that would be nice. >> hal: it happens all the time but it never gets press. it only gets press when we boost these times. more of the "the stephanie miller show" with jacki and jim and chris and i doin
it is costing more and more money so we have to raise the debt ceiling. there's no point where we've had a vote to lower the debt ceiling because that's ridiculous. you don't have to. it contracts naturally with expenditures. >> you pay the bill. the debt goes down. >> hal: the way it may be handled, as a matter of fact, at one point when our deficit has actually contracted which it has continued to do, as a matter of fact, there was a report done if it contracted faster, it would...
79
79
Jan 24, 2013
01/13
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when you look at the difference of those three dates the debt ceiling involves a great amount of money interested. i don't think that's conspiracy toreconspiracytoreal. would they have a say in those matters? i think so. >> i would agree that they're kicking it over to the senate. as we've seen in the last budget debates that we've had the senate is really the only body that can do anything or get anything done. that's where the compromise will happen. we'll see--the house will come up with their paul ryan budget on steroids that they're planning right now and the senate will have to find compromise or common ground that the white house can agree to as well, and then we'll be back where we were at the end of 2011. i think the republicans definitely do--are taking a moment to regroup so they can fight that battle, and it will be a similar battle to the ones we've seen before. >> cenk: grace wyler, michael shure, we appreciate it. mark my words, they will shut the government down. they will do whatever they need to do. they will be as obstinate as humanly possible. they will sacrifice ev
when you look at the difference of those three dates the debt ceiling involves a great amount of money interested. i don't think that's conspiracy toreconspiracytoreal. would they have a say in those matters? i think so. >> i would agree that they're kicking it over to the senate. as we've seen in the last budget debates that we've had the senate is really the only body that can do anything or get anything done. that's where the compromise will happen. we'll see--the house will come up...
89
89
Jan 15, 2013
01/13
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we spent the money. this is just saying we're going to pay. okay. so like why wouldn't we want to do that? right? and so it is really sort of a ridiculous thing. i'm going to tell you, the progressive caucus, we're not against cuts. we have cuts that we think we'll go for. like -- >> bill: you've already done a lot of cuts. >> we've done $1.7 trillion in cuts. what if we did close some of the loopholes for the fossil fuel industry? we could do well. there is this thing called the master limited partnership. this is nothing but a give way to the fossil fuel. we should allow for corporate taxation and doesn't extend oil gas. it is just fossil fuel. there are a number of cuts that could be done and we should do them. we should cut -- we've got to cut the military. the budget has more than doubled since 2001. i mean there are responsible changes that could be made but you know, the republicans don't want to do that. they only want to do cuts when it means working middle class people have to pay the bill. if they don't -- if they want to deny what i'm sa
we spent the money. this is just saying we're going to pay. okay. so like why wouldn't we want to do that? right? and so it is really sort of a ridiculous thing. i'm going to tell you, the progressive caucus, we're not against cuts. we have cuts that we think we'll go for. like -- >> bill: you've already done a lot of cuts. >> we've done $1.7 trillion in cuts. what if we did close some of the loopholes for the fossil fuel industry? we could do well. there is this thing called the...